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Ludwig reported rent expense of 24000 on the 2013 income

Question - Ludwig Company's prepaid rent was $11,000 at December 31, 2012, and $14,000 at December 31, 2013. Ludwig reported rent expense of $24,000 on the 2013 income statement. What amount would be reported in the statement of cash flows as rent paid using the direct method?

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Accounting Basics: Ludwig reported rent expense of 24000 on the 2013 income

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Accounting Basics: Ludwig reported rent expense of 24000 on the 2013 income

Reference No:- TGS02851864

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